Inflation Matters
November 28, 2007 | Leave a Comment
Can you remember how much you were earning in 1977? Depending on your job and age it could have been £50 per week, £70, a £100 or perhaps more. In 2007 these amounts would barely cover the weekly supermarket bill.
How much would your 1970s salary buy you today? Would you like to be living on the wages you earned in 1977 but still have to pay today’s prices? It’s a frightening thought. That’s inflation for you.
